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AEP's 2,000-MW Wind Catcher Project Faces Challenge at Oklahoma Corporation Commission

LCG, February 14, 2018--An Oklahoma Corporation Commission (OCC) administrative law judge on Monday recommended against preapproval of Public Service Co. of Oklahoma's request to to charge its ratepayers to support partial ownership of the 2,000-MW Wind Catcher project and to use some of the electricity generated by the project. The utility, a subsidiary of of American Electric Power (AEP), is requesting authorization to recover estimated costs of about $1.36 billion to become part-owner of the Wind Catcher project and to construct a 765-kV transmission line to deliver electricity to a Public Service Co. of Oklahoma (PSO) substation north of Tulsa.

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AEP's Clean Energy Strategic Vision Plans to Reduce Carbon Emissions 80 Percent from 2000 levels by 2050

LCG, February 8, 2018--American Electric Power (AEP) Monday released a report outlining the company's strategy for a clean energy future. The strategy includes new carbon dioxide emission reduction goals and investments in renewable resources and advanced technologies to enhance the efficiency of the power grid.

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Press Release

LCG Consulting is to release comprehensive 2015 CAISO CRR auction values just prior to auction



LCG, August 1, 2014--LCG Consulting of Los Altos, California is to release California ISO (CAISO) Congestion Revenue Rights (CRR) Annual Auction results prior to the Tier 1 nomination window close on September 18, 2014.

Congestion revenue rights are financial instruments used by entities in the CAISO markets, primarily, to hedge against congestion costs in the CAISO day-ahead market. CRRs are mainly obtained through CRR allocations and CRR auctions. LCG will forecast the expected value of all CRR biddable locations over the peak and off-peak periods of 2015. LCG has produced forecasts, for several existing clients in California, prior to the Monthly CRR Auction Tier 1 Nominations for eight consecutive auctions in partnership with Power Market Consulting, Inc. (PMCI) who provides distribution and additional analytics. Henry Shin, President of PMCI reflected on LCG's offering saying, "LCG’s forward-looking analytics complement our historical analytics and provide a comprehensive set of analytics customized for our CRR clients. In addition to CRR analytics, LCG staff has provided very timely and relevant market insights to our CRR clients by explaining the price and congestion drivers in the CAISO market."

To develop the CRR forecasts, LCG Consulting uses its UPLAN Network Power Model (UPLAN-NPM) to forecast prices based upon frequent updates of the most current market information obtained from a multitude of sources. The database updates reflect revised forecasts of fuel prices, load or wind generation; new announcements regarding transmission or generator outages (or the return to service); the retirement of generators; and the commencement of commercial operation of newly installed generators. Please contact LCG at info@energyonline.com for the auction forecasts.

UPLAN-NPM simulates the electricity market using Security-Constrained Unit Commitment (SCUC) and Security-Constrained Economic Dispatch (SCED), with a full (AC or DC) network transmission model and projects hourly Locational Market Prices (LMP). It performs coordinated marginal (opportunity) cost-based energy and ancillary service procurement, congestion management, full-fledged contingency analysis using SCUC and Reliability (or Residual) Unit Commitment (RUC) and SCED similar to those used by most market operators in the country, including CAISO. Information regarding UPLAN-NPM is available at http://energyonline.com/Products/UPlane.aspx


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Generator X
Generation and Transmission Planning and Optimization
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
PowerMax
Day-ahead and real-time portfolio revenue optimization
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
MarketWatch
Monthly summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service